Ban on Crypto Mining in Residential Areas Proposed in Russia – Mining Bitcoin News

The stated motive for the proposal is to prevent fires in residential buildings. Amateur miners have been blamed for high loads on the grid causing breakdowns and blackouts.State Council

The idea is to completely prohibit the production of cryptocurrencies in apartment blocks and houses in the country, or at least in parts of Russia experiencing energy deficits. Among them are Moscow and the Moscow Oblast, the region adjacent to the Russian capital. The energy experts also suggested that the federal government should grant regional authorities powers to impose additional taxes on cryptocurrency mining, the daily Izvestia revealed in a report, quoting the minutes from a meeting of the committee held in mid-December.

Looks like miners will be very upset

🧐

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BTC can crash anytime

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Wooooow

Good luck with that. They are throwing everything they have in manpower at the war...zero enforcement left I would think.

Why doesn't elonmusk creates computers that also mine crypto (small scale type). Selling those computers would dilute the necessary energy to mine and help decentralize.

all russian orcs must use cheburnet, kick'em out of internet & rus mining problem will not be found

I expected fire hazards and safety as the reasons for such control. It is not. It is due to preventing using cheap electricity. Money is always a concern. Very bad.

Nice

🦾

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